Six years ago, Gerard, aged 28, purchased a life insurance policy.

Since the policy was taken out six years ago, the insurance company would have to prove that Gerard made a fraudulent material misrepresentation, or pay the policy's death benefit.

The insurance company can void the contract under the contestability clause, and no premiums would be returned to Gerard.

Gerard can admit the mistake to the insurance company to ensure they cannot void the policy due to incomplete information at time of application.

Since the policy was taken out six years ago, the insurance company can void the policy under the mistake clause.